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Deanna Albanese

917 S 59TH Street
Philadelphia, PA 19143

Sq. Ft.
Acre Lot
Courtesy: Vanguard Realty Alliance LLC> Pennsylvania> Philadelphia> 19143
***PRICE REDUCED*** WELCOME TO THIS 2 STORY CORNER, ONE OF A KIND ZONED MIXED-USE in THE HEART OF THE COBBS CREEK section of Philadelphia. Zoning allows for a commercial storefront or office on the first floor, and a 2 bedroom apartment on the 2nd floor. Current owner converted the 1st floor commercial space into another 1 bedroom apartment unit without a permit, BUT WILL CONVERT IT BACK TO IT'S ORIGINAL COMMERCIAL SPACE AT HIS OWN EXPENSE, once the property goes under contract. A variance may be applied for and obtained to switch the property use to a duplex through L&I. All Cash or Commercial financing required if variance not obtained. Buyer responsible for obtaining U&O. These two amazing and stunningly finished BETTER-THAN-NEW CONSTRUCTION units are calling their new owner or tenant with TOP NOTCH, HIGH END FEATURES that you have been dreaming of. This gorgeous two story house was well designed without wasting any space to maximize your rental income. Each unit has been generously designed for almost 2000 sq ft of living space, and offers a lot more than you'd expect. Top floor apartment has 2 generous bedrooms and 2 full baths that are nicely appointed, washer & dryer in unit, gorgeous kitchen with soft close cabinets, stainless steel appliances, granite counter tops, ceiling fans, and recessed lighting throughout. Hardwood laminate wood plank flooring throughout, stone accent wall, high end finishes, custom hardware, flat screen wall mounts, and tasteful fixtures. First floor apartment is very similar to the second floor unit, but has 1 bedroom and 1 full bathroom, but will be converted back to commercial/retail/office space once under contract. First floor rear of building office space consist of one main spacious room, with a separate bathroom, and a one car parking space is available for the office. Parking spot, is private off street in the back of the property, spot is a concrete driveway with surveillance camera on it. Brand new roof, plumbing, electrical, home security system for each unit, security screen doors, and double-hung, two pane replacement windows throughout. This entire property was gutted and remodeled from top to bottom last year, and has been fully rented until recently. Full basement is the length of the property, and is perfect for storage. 2nd floor unit is rented through December 2022 for $1500 per month. 1st floor unit rented through December for $1200, both units with a 6 month lease term left. Office space rents month to month for $600 per month currently, and the parking space rents month to month currently for $200 per month. That's total monthly rents of $3500 per month, rents haven't been raised in the past year! QUALITY FINISH, LOW MAINTENANCE UNITS will give you a 11.35% CAP Rate. In the heart of Cobbs Creek it is almost impossible to find this type of Multi Family/Mixed Use with LUXURY TOP NOTCH FINISH UNITS and ALL AMENITIES THAT THESE UNITS OFFER.
Townhouse, Other, 2 Story
4 Full
0.03 Acres
Gas Water Heater, Public Water Service
Public Sewer
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

Courtesy: Vanguard Realty Alliance LLC
This content last refreshed on 8/9/2022 11:08 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.